and ron madison is covering the meeting for us. ron, what its the view like today? >> yuko, you might see behind me, the view is quieter. many are in sendi attending meetings. business as usual. economists trying to push the leaders of developed economies down a prudent path. weighed some of the risks and say confidence pretty much everywhere is still pretty fragile. economists release global financial stability report, checkup of the financial system. >> the choice today is between making the necessary but tough policy and political decisions or delaying them once more in the false hope that time is on our side. it is not. >> the man there says it is time for governments off to act. he said the biggest risk is the euro zone. private sector money pulled out from peripheral economies in the region back into the core ones. that is pushing up borrowing costs for government, banks, countries, italy and spain. this he is says feeding a further downturn to. reap ver to reverse the situation is well timed fiscal consolidation and they need to do this reducing excessive deb